Mysterious big data company Palantir is reportedly looking at an IPO — and could see a valuation of $41 billion

Alex Karp, chief executive officer of Palantir Technologies, could take his company public at a $41 billion valuation.

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Palantir, a secretive data analytics company cofounded by
Peter Thiel, is in talks about going public in 2019, according to
the Wall Street Journal.

Bankers have reportedly valued the company as high at $41
billion - twice its last private valuation.

Palantir, which was founded in 2003, is known for its
super-secretive, but high-profile big data work with entities
including the US government.

Palantir, a secretive data-mining company co-founded by Peter
Thiel, is looking to go public in a massive IPO that could take
place in the second half of 2019, according to the
Wall Street Journal.

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The company is in talks with banks at Credit Suisse and Morgan
Stanley about the deal, according to the Journal. And some
bankers have floated the possibility of hitting a $41 billion
valuation, which is twice the size of its last private valuation,
according to the report, which cites anonymous sources.

Palantir was founded in 2003 by Thiel, a PayPal cofounder and
tech investor, and Alex Karp, who is CEO of the company.

It's known for working on highly-secretive but big budget data
analytics projects. Documents
leaked to TechCrunch in 2014 revealed its close ties to
multiple US government agencies.

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While the details of Palantir's public offering, including the
price tag, could change, it falls in line with recent trends of
mega valuations as more and more startups chose to stay private
longer.

Uber, the ride-hailing service founded in 2009, could be valued
at $120 billion when it goes public in an IPO planned for next
year,
according to the Journal.

But both of those valuations
far outsize the normal IPO. There were 173 IPOs in the US
between January and September 2018, raising a total of $45.7
billion.

The value raised in the first three quarters of 2018 was
46.5% greater than the same period last year, and more than three
times that of 2016, according to PwC track of
data.